National Bank presents latest macroeconomic projections to the international community


The National Bank’s latest projections for the pace of recovery of the Macedonian economy and inflation are very close to the projections of the international financial institutions and the European Commission, the National Bank said on Friday in a meeting with representatives of international institutions and the diplomatic corps.

The National Bank’s projections are economic growth for the year of 3.9 percent, while the IMF and the European Commission forecast growth of 4 percent, and the World Bank of 4.6 percent. In terms of inflation, for this year, the National Bank projections are 3.1 percent, which is identical to the IMF projection and similar to the European Commission projection of 3.3 percent, and the World Bank projects moderately lower inflation of 2, 4.

In the presentation, Governor Anita Angelovska-Bezhoska pointed out that the macroeconomic scenario and the risks around it are again conditioned by further developments related to the health crisis, disruptions in the global supply and production chains and the current energy crisis.

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